The demand function for a product is given by p = 4000 ln (x =10), where p
Question:
(a) Find the rate of change of price with respect to the number of units sold when 40 units are sold.
(b) Find the rate of change of price with respect to the number of units sold when 90 units are sold.
(c) Find the second derivative to see whether the rate at which the price is changing at 40 units is increasing or decreasing.
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Related Book For
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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